COINOTAG News, December 29, citing Coinglass data, signals that the Ethereum price could trigger notable risk on major centralized exchanges. If ETH slips below $2,900, the cumulative long liquidation on mainstream CEXs is estimated near $395 million. Conversely, a breakout above $3,000 could unleash roughly $497 million of short liquidations across leading venues.
COINOTAG Note clarifies that the liquidation chart does not show exact contract counts or notional values. The visualization uses liquidation bars to indicate relative importance of each cluster, i.e., intensity. A higher bar suggests a pronounced price reaction once breached, due to a liquidity cascade.
For traders, monitoring these indicators around key price levels can inform risk controls and position sizing amid evolving crypto market risk.
Source: https://en.coinotag.com/breakingnews/ethereum-price-alert-cex-long-and-short-liquidation-intensities-jump-at-the-2900-and-3000-levels
